R.I. retirement system net position hits $9.6B in FY2019

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R.I. AUDITOR GENERAL Dennis E. Hoyle released a report saying the state's retirement system increased its net position to 9.6 billion at the end of fiscal year 2019. / PBN FILE PHOTO/MICHAEL SALERNO
R.I. AUDITOR GENERAL Dennis E. Hoyle released a report saying the state's retirement system increased its net position to 9.6 billion at the end of fiscal year 2019. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The Employees Retirement System of the State of Rhode Island increased its net position by $344 million to $9.6 billion in fiscal 2019, according to the R.I. Auditor General Dennis E. Hoyle Monday. The time-weighted rate of return for the plan was 6.5%, compared with 8% one year prior. Net investment income was…

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